Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
501 views
in Reconstitution of a Partnership Firm – Retirement/Death of a Partner by (25.6k points)
closed by

X, Y, and Z were sharing profits in the ratio of 3:2:1. Z retires from the firm. X and Y decide to share future profits in the ratio of 7:5. Calculate the gaining ratio.

1 Answer

+1 vote
by (27.3k points)
selected by
 
Best answer
X Y Z
Old ratio (X,Y and Z) \(\frac{3}{6}\) \(\frac{2}{6}\) \(\frac{1}{6}\)
New ratio (X and Y) \(\frac{7}{12}\) \(\frac{5}{12}\)

Gain = new share - Old share

Gaining ratio (X and Y) = \(\frac{7}{12}=-\frac{3}{6}; \frac{5}{12}- \frac{2}{6}\)

\(\frac{7-6}{12} = \frac{1}{12}; \frac{5-4} {12} = \frac{1}{12}\)

Related questions

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

...